Are there any laws regarding this in Missouri?

when property is condemned, it refers to only the house. the property is still usable. The property could be sold "as is", and then the building would have to be torn down or rebuilt. Usually, lenders will only loan 50% LTV on loans such as these, so you'd better have the capital to purchase.

I do not know about the laws in Missouri; but if a property has been condemned, this has happened through a public agency. Whoever condemned it can tell you the laws regarding that specific property.Usually the property that is condemned is the builing on it. You can sell the land as is, but the new owner needs to bring the structure up to code, or tear it down and start over, or donate it to the local fire company for training purposes and then start over.Sometime building sites are condemned because of envirnmental hazards/waste. If that is the case, either you or the new owner must clean it up to the satisfaction of the local environmental watchdog agency befor it can be used.